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June 27, 2013  Thu 7:30 AM CT

PRGS: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Revenue Surpass Expectations

Progress Software reported second-quarter profit of $0.27 on revenue of $81.7 million. Analysts had only expected $0.22 and $79 million, respectively. PRGS rose 7.5 percent before the opening bell on my tradeMONSTER platform.

Bulls Hit the Road with Winnebago Industries

Recreational-vehicle maker Winnebago Industries' profit roughly doubled, matching analyst forecasts. Revenue of $218.2 million, however, cruised past the $197.8 million expected by analysts. WGO climbs 5 percent in early trading.

Weak Numbers Send Paychex Lower

Paychex reported fourth-quarter profit of $0.34, missing the $0.38 expected by the Street. Revenue of $585.3 million also lagged the $586 million estimate. PAYX slides 3.5 percent in the premarket.

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Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

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